C-Capture completes £8m funding round

C-Capture has completed an £8 million (€9.3 million) funding round supported by existing shareholders Drax, IP Group, and bp Ventures, with additional funding from the British Business Bank’s Future Fund.

The company, which designs chemical processes for the capture of CO2, said the investment reflects is confidence of the C-Capture board in its ‘ground-breaking’ technology and the government’s support for companies who have the potential to help solve the climate crisis.

Tom White, CEO of C-Capture, said: “Additional investment from our shareholders supports C-Capture in further optimising its carbon capture technology, improving performance while driving down costs.

“The benefits our technology can offer over current state-of-the-art carbon capture technologies may help deployment across a range of sectors to be accelerated.

“Securing this round of investment allows our technical team to really focus on developing a product that will change the way the world thinks about carbon capture.”

“Carbon removal technologies are essential in addressing the climate crisis,” added Jason Shipstone, chief innovation officer at Drax Group and director of C-Capture.

“Drax and C-Capture will continue to work together to develop the vital negative emissions technology, bioenergy with carbon capture, and storage, expected to make a significant contribution towards the UK reaching its legally binding net-zero by 2050 target.”

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